Where I came from, in case of housing market decline to a point where I owe more than current market price, lender can ask for additional funding to fill the gap (though it’s not generally done if loaner has good payment record). Is this the case for 🇺🇸?
No
What country and how could that work? Isn't the debtor already incentivized to default if the house is worth less than the loan?
I don’t think that’s the prevalent case: If you’ve got decent amount of equity in it, most people would choose to wait it out. The lender, on the other hand, may demand additional protection. This is the case of HKG 🇭🇰. But I believe other Asian countries also have terms that favor lenders
I dont think so unless you have a very nonstandard mortgage
No sir
Depends on the contract. Most conventional loans don't allow this. Some credit unions will take stocks holdings as collateral, on top of the house itself, if stocks or house value crash, they can demand more collateral or default the loan.
Never heard of that here. As long as monthly payment is current, the lender can’t do anything
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